Misamis Oriental coal plant contract draws 12 bidders

The Power Sector Assets and Liabilities Management Corporation (PSALM) has announced that some of the country’s largest power companies are among the 12 entities which have complied with the initial requirements for the Independent Power Producer Administrator (IPPA) contract for the 200-megawatt (MW) Mindanao Coal-fired Thermal Power Plant located at PHIVIDEC, Misamis Oriental.